EVANSVILLE, Ind. — Fifth Third Center, a staple of Downtown Evansville's skyline, has a new owner.

Evansville-based Riverview Investments LLC has purchased the multi-story office building and parking structure at 20 NW Third St.

Fifth Third Bank has occupied the building since it was completed in 1981. The bank will remain a long-term tenant and will retain naming rights. The building will still be known as Fifth Third Center.

Riverview Investments has plans to renovate the lobby and other common areas, while improving amenities for the tower's tenants, according to a news release from Fifth Third Bank.

Riverview is considering expanding the tenant lounge, adding multiple shared conference and training rooms and marketing spaces in the property to retail and restaurant tenants.

In addition to Riverview's investment, Fifth Third also plans its own investment in the tower, including a complete renovation of the first-floor financial center and better workspaces for its associates.

Non-bank tenants in the tower include Townsquare Media, South Central Communications, Trinity College of the Bible and Theological Seminary and Aerotek.

“It was important for us to find a developer that saw the potential to strengthen this community centerpiece and continue the economic growth of downtown,” said Court Kull, city president of Fifth Third Bank Evansville Market.

Jarrod Luigs, managing member of Riverview Investments, said: “We are dedicated to the long-term vitality of Downtown Evansville and excited to partner with Fifth Third on this transaction. This building is the center of our city, and we couldn’t be happier to be a part of re-building the Downtown core. We believe that with the building improvements, the updated amenities, the more than ample attached covered parking and the ability to offer turnkey office space sets the building apart and provides a significant opportunity for tenants seeking class A space in the downtown market."

In addition to Riverview's investment, Fifth Third also plans a significant investment in the tower, including a complete renovation of the first-floor financial center and better workspaces for its associates.